Daily Archives: April 28, 2016

28Apr

Comex Trading Signals and Market News – 28 April 2016

INTERNATIONAL COMMODITY NEWS :

  • West Texas Intermediate oil prices rallied to a five-month high in European trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a gain of 2.4 million barrels.
  • Gold futures ticked higher in European trade on Wednesday, as investors looked ahead to the Federal Reserve’s rate decision due later in the day for fresh guidance on the future path of U.S. interest rates.While the Fed is widely expected to leave interest rates unchanged at the conclusion of its policy meeting at 18:00GMT, or 2:00PM ET, Wednesday, the U.S. central bank could provide guidance on its pace of tightening over the next several months.
  • Copper prices fell by 0.70 per cent on Wednesday after Japan’s all industries activity index fell last month official data showed on Wednesday signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report Japanese Ministry of Economy Trade and Industry said that Japan’s All Industries Activity Index fell to a seasonally adjusted -1.2 per cent from 1.2 per cent in the preceding month whose figure was revised down from 2.0 per cent.

ECONOMY NEWS :

  • Euro zone finance ministers should meet on Greece within days to avoid renewed uncertainty over the country’s ability to finance itself, European Council President Donald Tusk said on Wednesday.Tusk said he spoke on the matter with Greek Prime Minister Alexis Tsipras, who on Tuesday had said he wanted a special summit of euro zone leaders to discuss Greece’s third bailout. Tusk chairs EU summits and would be responsible for calling one.
  • Any further European Central Bank monetary policy action will be entirely data-driven and something “genuinely new” would be required to revise the current stance, ECB’s governing council member Philip Lane said on Wednesday. “It’s entirely going to be data-driven, the reduction of the inflation forecasts in March was sufficiently substantial to trigger the extra measures. Let’s see what next wave of forecasts have,” Ireland’s central bank governor told a news conference.
  • China needs to create more employment to compensate for anticipated job losses as a result of supply-side reforms, President Xi Jinping was quoted as saying on Wednesday by state news agency Xinhua.Downward pressure  on China’s economy and social problems are both increasing, Xi was reported as saying during a trip to the eastern province of Anhui.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1248 TARGET 1253 1259 SL BELOW 1243
  • SELL GOLD BELOW 1242.5 TARGET 1237.5 1231.5 SL ABOVE 1247.5

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

28Apr
Forex trading

IForex Market Trading Signals and News – 28 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Sterling pares back gains as U.K. first quarter growth slows
  • Forex -Dollar lower as central bank meetings eyed
  • Forex-Aussie plunges, Fed eyed for dollar direction

EUR/USD
EUR/USD posted moderate gains in a cautious session, as investors continued to await the Federal Reserve’s latest monetary policy decision in intraday trading on Wednesday afternoon.The currency pair traded between 1.1256 and 1.1339, before settling at 1.1298, up 0.0032 or 0.28% on the session. Following a brief four-day losing streak last week, the euro has closed higher against the dollar in each of the last two trading days. Despite the slight gains, the euro has still closed below 1.13 against the dollar in the last six sessions. Nevertheless, the euro is still up against its American counterpart by 1% over the last month, amid dovish indications from the Fed of a delayed interest rate hike.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD
The pound pared back early gains against the dollar on Wednesday after data showing that U.K. economic growth slowed in the first three months of the year. GBP/USD was last at 1.4573, off earlier highs of 1.4619. Sterling was also little changed against the euro, with EUR/GBP at 0.7750 off earlier highs of 0.7784. The U.K. economy grew 0.4% in the three months to March the Office of National Statistics said, in line with economists’ expectations, but slowing from 0.6% in the prior quarter. The service sector was the only part of the economy to grow in the first quarter, the data showed, with manufacturing, construction and agriculture all contracting. Service sector output grew by 0.6%, industrial production fell by 0.4% and construction contracted by 0.9%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4640 TARGET 1.4660 1.4690 SL BELOW 1.4630
  • SELL GBP/USD BELOW 1.4566 TARGET 1.4546 1.4516 SL ABOVE 1.4596

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

28Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 19.94 points or 0.69% lower to 2874.72, taking the year-to-date performance to -0.28%.
  • The top active stocks today were SingTel, which declined 2.04%, CapitaLand, which gained 1.93%, OCBC Bank, which declined 0.77%, Wilmar Intl, which gained 1.68% and DBS, with a 0.51% fall.
  • The FTSE ST Mid Cap Index declined 0.37%, while the FTSE ST Small Cap Index rose 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.38%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.68% higher and 2.74% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.94%. SingTel shares declined 2.04% and Star-Hub declined 0.90%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.92%), iShares USD Asia Bond ETF (-0.38%), STI ETF (-0.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.61%), Capitamall Trust (-2.80%), Capitacom Trust (-2.07%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-5.37%), HSI21000MBePW160530 (+3.00%), HSI21400MBeCW160530 (-10.28%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-11.32%), OCBC Bk MB eCW161003 (-8.11%), UOB MB ePW161003 (+4.05%)

STOCK RECOMMENDATION :

  • BUY WILMAR INTL ABOVE 3.660 TGT 3.805 3.915 SL 3.475

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

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